Ethereum Push Notification Service
|All Time High:
|The price of #PUSH today is $0.27 USD.
The lowest PUSH price for this period was $0, the highest was $0.271, and the current live price for one PUSH coin is $0.27125.
The all-time high PUSH coin price was $8.95.
Use our custom price calculator to see the hypothetical price of PUSH with market cap of BTC or other crypto coins.
|The code for Ethereum Push Notification Service crypto currency is #PUSH.
Ethereum Push Notification Service is 2.9 years old.
|The current market capitalization for Ethereum Push Notification Service is $17,848,883.
Ethereum Push Notification Service is ranking upwards to #561 out of all coins, by market cap (and other factors).
|There is a medium volume of trading today on #PUSH.
Today's 24-hour trading volume across all exchanges for Ethereum Push Notification Service is $695,835.
|The circulating supply of PUSH is 65,802,724 coins, which is 66% of the total coin supply.
Maximizing Network Resilience: The Advantage of Push Protocol
In communication networks, liveness signifies the network’s ability to maintain operations and remain responsive to incoming traffic. Because traditional communication networks possess central points of failure, the entire network is at risk of collapse. This can lead to numerous issues, including disruptions to essential services and communication channels. For example, an outage by a primary IT provider could render an entire network unusable for an extended period. In contrast, distributed and peer-to-peer (P2P) networks present an alternative model of liveness. These networks rely on nodes to operate effectively, eliminating a single point of failure that could compromise the entire system. This design makes distributed networks highly resilient in the face of significant disruptions. Nevertheless, liveness can still pose challenges even within distributed and P2P networks. If nodes fail or go offline, communication channels might be disrupted, despite the entire network remaining operational. This is where Push protocol comes into play. — Unmatched Liveness and Resilience - Push Protocol ensures uninterrupted and resilient communication, even in the face of disruptions. With its distributed and peer-to-peer (P2P) principles, the network remains operational and highly resilient, eliminating the risk of a single point of failure. Redundant nodes, intelligent routing algorithms, and failover mechanisms guarantee li...
September Monthly Recap
Welcome to another exciting month at Push! September has been an absolute thrill ride at Push! From unveiling our all-new Push Snap to the exciting launch of B2U messaging and our Billion Reasons to Build dev tour across India — get ready to be captivated by the latest developments, collaborations, and community updates at Push. Let’s dive in! — Development - September brought with it a groundbreaking milestone — the arrival of the Push Snap. With Push Snap, we’ve launched a new era of Push notifications, directly accessible through MetaMask. All your web3 updates, notifications, and vital information are now right at your fingertips within your MetaMask wallet. Whether it’s DeFi, gaming, NFTs, media channels, or more, Push Snap lets you effortlessly subscribe to your favorite dApps, making web3 engagement smoother than ever before. But that’s not all! We’ve also been making progress on several other exciting developments, including: — Frens of Push - September has seen amazing partnerships for us that are helping reshape the web3 landscape: We are delighted to unveil our collaboration with Unstoppable Domains, where we introduced Business-to-User (B2U) messaging — a game-changer for over 3.7 million users and 1,000+ partners. Polygon is already leading the charge in embracing this innovation., The Thank Arbitrum Channel gained over 14k subscribers to keep people updated with Arbitr...
4 Reasons To Separate Your dApp’s Communication and Execution Layers
Within web3, decentralized systems reign supreme and the concept of modularity is a key component of innovation. The essence of modularity lies in its ability to intricately craft decentralized applications (dApps) with a sophisticated and intellectually elevated approach. In this blog post, we embark on an exploration of modularity in web3, unearthing its profound implications and far-reaching influence. By effectively separating the communication and execution layers, modularity empowers developers to construct dApps that boast adaptability, scalability, and interconnectivity. With a focus on the Push Protocol, we delve into its embodiment of modularity and how it revolutionizes the interaction between dApps and the execution layer. Prepare to uncover the intricacies and potential of modularity within web3 as we navigate the path toward a more refined and intellectually stimulating decentralized ecosystem. — The 4 Reasons Behind Separate Communication and Execution Layers - When considering the architecture of web3, it is essential to recognize the distinct roles of communication and execution. Here are the key considerations: Scalability: Combining the communication and execution layers can hinder scalability by placing additional strain on the blockchain, leading to slower transaction processing and congestion., Flexibility: Maintaining a separate communication layer allows for the implementation of various messaging...
Deep-dive into Push Snaps Features & Getting Started ️
All the technical specifications and getting started tips you need.. — As we outlined in our announcement article — the Push Snap is a powerful tool that allows any wallet address and user to receive notifications directly in their MetaMask wallet. With the Push Snap installed, you can now seamlessly receive notifications powered by Push Protocol directly into your wallet, ensuring you never miss out on important updates from the channels you subscribe to. By delivering notifications directly to your wallet address, we’re eliminating the need to log in to any other front-end separately to get those same notifications and alerts. By bringing all your notifications into one place, we’re saving you time, effort, and allowing you to more easily stay connected and informed. — Core Snap Features - The main features of version 1 of the Push Snap include: Notifications: Notifying users of all updates from the channels they opt-in to., Address Selection: Addition or removal of their desired addresses for notifications., Customization of Pop-Ups: Push Snap allows users to toggle popup notifications at their convenience., — Brief glance at the Push Snap’s working mechanism - The snap requests permission to run periodically every minute., While running, it scouts for all new notifications/alerts received by your wallet, It then bundles all the notifications together and shows all of them in the form o...
Bringing Push to MetaMask Snaps
Web3 Notifications directly in your MetaMask wallet.. — Today we are excited to announce the launch of our brand new Push Snap — enabling Push Notification enhancements for MetaMask! To create new and enhanced web3 user experiences, MetaMask and Consensys have worked to introduce new integration possibilities for MetMask wallet holders via MetaMask Snaps — new features and functionality created by third-party developers that MetaMask users worldwide can install directly into their wallet. As one of the first integrations invited to build on the platform, we are excited to officially be launching Push Snaps: a powerful tool designed to seamlessly integrate notifications directly into your MetaMask wallet. In the dynamic and ever-evolving world of web3, staying informed is paramount. Push Snaps is set to revolutionize how you receive notifications in the web3 ecosystem. Say goodbye to the hassle of juggling multiple tabs and apps for updates. For the millions ofMetaMask wallet users, your web3 journey is about to get a whole lot smoother. — Push x MetaMask Snaps: Better Notifications for Users - With Push Snaps, you can effortlessly subscribe to your favorite dApps, be it DeFi, gaming, NFTs, media channels, or more; and bring all your essential web3 updates conveniently into your wallet address. This eliminates the need to constantly check-in on various platforms to get updates on transfers and paymen...
Business-to-User Messaging: Push Protocol x Unstoppable Domains
Welcoming B2U messaging partners Polygon, Blockchain.com and MetaRides. — Push Protocol is thrilled to announce our groundbreaking partnership with Unstoppable Domains to enable business-to-user (B2U) messaging through Unstoppable Messaging! For businesses, brands, and web3 projects interested in interacting with their community and delivering a better user experience, messaging just got a lot more accessible. Unstoppable Domains is the leading platform for acquiring, owning, and holding web3 domains. With more than 3.7 million domains registered, 1000 integrations, and 10 top-level domains, Unstoppable Domains is redefining new ways for brands to interact with their users. Integrations are already live on Polygon, Blockchain.com, and MetaRides with many more business integrations to follow! We’re excited to be at the forefront of this game-changing user experience and even more excited for the development possibilities to come. — TL;DR — What’s Happening - Recently, Unstoppable Domains announced Unstoppable Messaging, web3-native, domain-based messaging (.polygon, .eth, .crypto, etc.). Push Protocol is partnering with Unstoppable Domains to power “business-to-user” (B2U) messaging on Unstoppable Messaging. B2U messaging will allow any business owning a domain to message their domain-owing customers and partners natively on web3. Want more information? Let’s break it down in more detail. 🔔...
August Monthly Recap ⚡️
Step into the newest chapter of our Push journey! August brought a wave of excitement and progress, full of achievements we can’t wait to share with you. Get ready to dive into the world of Push as we unwrap the highlights from this last month. — Development⚒️ - We are beyond thrilled to have fully released PushV2, a huge leap forward in the way of democratizing web3 communication. With PushV2, we’re introducing a host of new features that will revolutionize interactions on the platform, such as incentivized chats, Push Spaces, customized profiles, and new PushV2 Rewards for token holders. Speaking of rewards, the Push Liquidity Rewards V2 are bringing enhanced incentives for token holders and liquidity providers with 2 new liquidity reward pools: UNI-v2 LP Token Staking: allowing users to stake their UNI-v2 LP tokens in our staking contract and earn $PUSH tokens as a reward., Push Fee Pool Staking: allowing users to directly stake in the core contract itself and earn rewards in $PUSH for fees collected., Migrating from the v1 staking pool to the new v2 staking pool has been made effortless. Find all the information about staking, harvesting, and migrating from v1 in our guide: Staking Migration Guide for Push V2 Rewards Program. — Frens of Push💜 - We celebrated a historic milestone with Shapeshift’s channel becoming the most subscribed in web3 history, amassing over 13k subscribers. To commemo...
Revolutionizing Virtual Events and Social Interactions with Decentralized Video Chat
Bringing conventional web2 interaction channels to web3.. — Virtual events have become a cornerstone of modern communication, enabling people from around the world to connect and engage in a wide range of activities. However, traditional virtual event technologies often come with limitations that hinder the full potential of these experiences. With the emergence of Web3 and the power of decentralized technologies, there’s an opportunity to transform virtual events into more immersive, secure, and interactive experiences. — The Current Landscape of Virtual Events Technology - Virtual events leverage various web technologies to enable remote participation and create interactive event experiences. These technologies typically include: Live Streaming: Virtual events utilize live streaming technologies to broadcast real-time audio and video content to participants. Platforms leverage protocols like WebRTC (Web Real-Time Communication) and adaptive streaming techniques to ensure high-quality streaming experiences., Video Conferencing: Video conferencing solutions enable real-time communication and interaction among event participants. These solutions incorporate features like video and audio calls, screen sharing, and chat functionalities to facilitate communication and collaboration during virtual events., Content Sharing Platforms: Virtual events often involve the sharing of multimedia content such as presentations...
A Billion Reasons to Build: Finding India’s Best Web3 Developers
$55,000+ prize pool for solving some of Web3’s hardest coding problems.. — Today, we are excited to announce Billion Reasons to Build — Push’s tour across India to find the best developers in the subcontinent to solve some of the hardest problems of Web3 and win bounties! 🎉 Over the next 3 months, along with our awesome partners Push will be traveling to 18 cities across India to conduct workshops and present challenges which you can compete to solve and in turn win over $5,000+ prizes for each problem you solve. The total prize pool is $55,000 USD. To see the cities, dates, and register, visit the Billion Reasons to Build website! — India, Web3, and the Developer Community - India is home to some of the world’s best developers and projects, and its prominence in web3 continues to grow. Behind the globally-recognized web3 projects coming out of India, we know there is a tremendous community of incredible developers and projects that deserve more recognition and resources. That’s why we’re hitting the road and visiting university campuses across India to meet you face-to-face and foster growth where it truly matters — at the grassroots level. As a grassroots project that started from a ETHGlobal 2020 hackathon ourselves, the Push team understands the importance of providing opportunities to skilled developers who may not have sufficient access to hackathons or other web3 growth channels. A...
Introducing the Push Ambassador India Program
Introducing the Push Ambassador India Program🌸 - — We’re looking for new ambassadors in India to join us!. — Following the recent success of our Push Ambassador Program in LATAM, we are thrilled to be expanding our Ambassador Program to India! The Push Ambassador India Program is an exciting expansion of our community initiative designed to grow our presence and foster a dynamic community of web3 enthusiasts across India. We couldn’t be more excited to be embarking on this new chapter and inviting new web3 ambassadors into the Push fam. — Looking for New Ambassadors! - Leading the charge with the Push Ambassador India Program, our vision is to establish a vibrant network of ambassadors who will serve as the face of Push Protocol within India. As such, your role as a Push Ambassador is to: Organise workshops and webinars related to blockchain, cryptocurrencies, and Push Protocol’s technology., Grow and nurture a vibrant community of crypto-enthusiasts on campus., Utilise social media platforms to share educational content, news, and updates about Push Protocol., Strategize and execute marketing campaigns to promote Push Protocol’s initiatives on campus., Act as a mentor for new ambassadors joining the program in subsequent years., We are looking for web3 enthusiasts interested in becoming a top contributor for Push Protocol to join us as part of the first phase of expansion in India. —...
More Ethereum Push Notification Service (#PUSH) News
|Retail Traders Still Missing: Can They Push Bitcoin's Price to New ATH S...
Bitcoin's price has been on the run for the past several months, having surged from under $20,000 to over $50,000 since June 2023.
While that was mainly driven by the anticipation and the subsequent approval of nearly a dozen spot Bitcoin ETFs in the States, it seems retail traders are still not present, which begs the question of whether their arrival could propel another price surge for the asset in the next few months.
How Did We Get Here?
Data from Google Trends shows the typical behavior of retail investors, as they tend to search more for investment options that are very hot. This leads to them entering the market in question in what has been termed as FOMO (fear of missing out).
The cryptocurrency market is perhaps best known for such sentiment changes as it tends to get overheated really quickly when the demand from such investors skyrockets. In turn, this leads to growing prices before the inevitable correction and the market cooling off.
The last such cycle was in 2021, when prices were booming, and the retail crowd was all around. Laser-eyes appeared on Twitter with promises of $100,000 per BTC in the next few months. That didn't happen; BTC slumped in value, and retail investors disappeared.
Bitcoin started to recover in June 2023 when BlackRock filed to launch its own spot BTC ETF. Given the company's mind-blowing success rate with ETFs, institutions started to pay more attention to Bitcoin, and the overall anticipation changed from 'The SEC will never allow a sp...
|Bitcoin Demands Exceeds Miner Supply By 1,300%, Why A Push To $237,000 I...
As the Bitcoin Halving draws nearer, there is so much optimism about what could happen to Bitcoin’s price in the aftermath of this event. This optimism is further heightened by a recent development showing how Bitcoin’s demand far outpaces its supply, which could see the flagship crypto token rise to as high as $237,000.
Bitcoin Demand Significantly Outpacing Its Demand
Crypto analyst Willy Woo mentioned in an X (formerly Twitter) post that the Bitcoin network receives an average of $607 million of new investor demand daily. On the other hand, this demand is said to be met by a supply of just $46 million daily in terms of Bitcoin mined. This development is more significant considering that the Halving is fast approaching.
This is when Bitcoin Miners’ rewards are cut in half, acting as a deflationary measure and reducing the rate at which more BTC comes into circulation. This also offers a bullish narrative, as the already insufficient supply will decline further after the Halving event. Once that happens, Bitcoin is expected to become more valuable, with more price increases imminent.
Industry expert Anthony Pompliano also highlighted this phenomenon when he noted how institutional investors were gobbling up BTC almost 13x faster than its production rate. He added that the flagship crypto token was bound to see a new all-time high (ATH) if this trend continues.
This institutional demand for BTC is mainly driven by the Spot Bitcoin ET...
|Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $10...
With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause.
Valkyrie Exec Says XRP ETF Could Be Next
In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow the same path. He explains that attention could be turned to Ethereum, which is currently the second-largest cryptocurrency in the space. McClurg figures that a lot of filings are going to be submitted for Ethereum ETFs after this.
Beyond the expected ETF filings for Ethereum, the Valkyrie CIO mentions that the likes of Ripple’s XRP could be the next in line to get approved for an ETF. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs out there,” McClurg said during the interview.
Although McClurg showed optimism regarding a possible XRP ETF, he revealed that there was no indication of whether Valkyrie was going to get involved in it or not. Valkyrie, who has been heavily involved in Bitcoin and Ethereum ETFs, has not shown any interest in the altcoin so far.
However, the CIO explained that crypto can be incredibly unpredictable. Given this, it is impossible to know where the market will end up swinging and wh...
|Bitcoin At $45,000 Is Mispriced, Will Race For ETF Fees Push Prices To R...
Most analysts are optimistic that the impending launch of spot Bitcoin exchange-traded funds (ETFs) in the U.S. could propel the coin to new heights, way above the $69,000 mark registered in November 2021.
Andrew Kang, co-founder of Mechanism Capital, believes that Bitcoin at $45,000 is still grossly undervalued. This is given the anticipated influx of institutional investment from ETFs, and the effort issuers will put into marketing their products as they aim to accrue billions in fees in the months ahead.
Learning From Gold And Quest For Fees
Kang points to gold ETFs, which hold over $120 billion in assets under management (AUM) and generate an estimated $720 million in annual fees for their issuers. ETF issuers will charge a management fee to cover the costs associated with operating the ETF, including custody of coins and trading. Additionally, a fee will be charged through the bid-ask spread whenever Bitcoin is traded.
When trading and management fees are stacked, Bitcoin issuers could generate billions of dollars yearly, especially if trading volume is high. By Kang's estimation, Bitcoin ETF issuers might generate between $10-20 billion in annual fees.
However, this is subject to dominance. After the Securities and Exchange Commission (SEC) approves multiple spot ETFs, issuers, including BlackRock and Fidelity, are expected to wage an aggressive battle for market share.
The goal for issuers is not only to ensure that funds spent on advertising yield, but fo...
|ETH Stopped at $2.4K as Bears Push for a Correction (Ethereum Price Anal...
Ethereum's price is encountering significant resistance around the pivotal $2.4K region, highlighting an ongoing struggle between buyers and sellers.
Despite efforts, the price has been unable to surpass its previous swing high of $2403, leading to a slight pullback and the potential formation of a double-top pattern.
The Daily Chart
After a period of sideways consolidation near the crucial $2.3K mark, the price surged with the aim of reclaiming its previous daily swing high at $2403. This upward movement is underscored by the occurrence of a golden cross on the daily chart, indicating an overall bullish sentiment for Ethereum's price action.
However, the price faced resistance upon reaching a critical zone formed by the upper boundary of a multi-month wedge, coinciding with the previous daily swing at $2403, thereby forming a potential double-top pattern.
Despite these challenges, the emergence of a potential head and shoulders pattern, a widely recognized bearish reversal formation, is notable. If the price breaks below the neckline of both the head and shoulders pattern and the double-top pattern, it could signal a short-term downward movement. This retracement might lead the price back to the substantial support range at $2K.
The 4-Hour Chart
A more detailed analysis of the 4-hour chart reveals increased demand within the critical range between the 0.5 ($2,211) and 0.618 ($2,166) levels of the Fibonacci retracement indicato...
|India's De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repa...
The Indian Oil Ministry recently acknowledged that the country's push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling its cross-border obligations. High Transactional Costs of Converting Rupees
The Indian oil ministry recently informed a standing committee of parliament that the country’s attempt to have oil producers accept payment in the local currency has failed. The ministry cites the perceived high cost of converting the rupee to other major currencies as one of the reasons for the policy’s failure.
The oil suppliers, including the United Arab Emirates’ ADNOC, have also highlighted possible challenges that may arise when repatriating the generated revenues, the ministry added.
According to a report in the Economic Times, some oil producers believe the rupee’s weaknesses versus the U.S. dollar make it a less-than-ideal payment method.
'During FY 2022-23, no crude oil imports by oil PSUs were settled in [the] Indian rupee. Crude oil suppliers (including UAE's ADNOC) continue to express their concern on the repatriation of funds in the preferred currency and also highlighted high transactional costs associated with conversion of funds along with exchange fluctuation risks,' the country’s oil ministry said.
The report also added that the Indian Oil Company (IOC) paid a premium over...
|Bitcoin Technical Analysis: Analyzing the Push and Pull of BTC's Market ...
Bitcoin's current price steadies at $42,750 to $42,964 and an intraday range between $41,820 and $43,192. Despite the fluctuations, the market capitalization holds strong at $841 billion, with a 24-hour trade volume of $25.32 billion. Oscillators sway gently in a neutral stance, while moving averages whisper tales of bullish sentiment, painting a scenario of cautious optimism amid a complex market.Bitcoin
Bitcoin's oscillators provide a mixed bag of signals. The relative strength index (RSI) at 55 and other indicators like the Stochastic, commodity channel index, and awesome oscillator linger in neutral territory, suggesting a market in balance. Notably, the momentum (10) hints at a bullish sentiment, while the moving average convergence divergence (MACD) level (12, 26) nudges toward a bearish zone, reflecting the inherent contradictions and complexities of market sentiment.
BTC's moving averages (MAs) from the short 10-day to the long 200-day span show a dominance of positivity in terms of market sentiment, with the longer-term averages particularly bullish. This trend indicates a growing investor confidence over time, possibly predicting a more favorable long-term outlook for bitcoin. It reflects a market that, while cautious, leans towards a gradual appreciation of value.
Bitcoin chart by TradingView
|Will Inscriptions On Polkadot Push DOT Prices Back Above $10?
There has been a notable spike in the number of Polkadot transactions in recent days. The surge also coincides with DOT prices racing to new 2023 highs when writing on December 22.
Taking to X, asynchronous rob noted that Polkadot is currently processing around 250,000 transactions per hour or 400-450 per block. Polkadot is a modern blockchain that aims to drive blockchain interoperability.
Based on its design, relying on a Relay Chain and numerous Parachains, the network can process transactions cheaply, considering its high capacity.
Polkadot Transactions Swelling: Blame Dota and Inscriptions
The rapid expansion of transactions on Polkadot can be attributed to the recent launch of inscriptions, a new type of cross-chain asset developed by the Dota platform. Uniquely, Dota's inscriptions aim to simplify the process of deploying and minting assets on Polkadot's parachains.
Though parachains operate independently as 'chains' that rely on the Relay Chain for security, this design will eliminate the need for Cross-Chain Message Forma (XCM), which is needed for Polkadot parachains to communicate.
Usually, the XCM requires complex coding and can be time-consuming. Therefore, the simplicity of DOT-20 inscriptions by Dota directly explains why there is a surge in the number of transactions.
According to Dota on X, inscriptions on Polkadot account for 98% of the recent transaction volume.
Though there has been a change in the number of transactio...
|Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance...
Bitcoin's price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere. Bitcoin
Bitcoin's current oscillators offer a diverse perspective. The relative strength index (RSI) at 59, Stochastic at 52, commodity channel index (CCI) at 31, average directional index at 34, and awesome oscillator at 2075 all signal neutrality and a positive trend, suggesting a market in balance. However, the momentum indicator points to bullish action at -1016, contrasting the moving average convergence/divergence (MACD) level's bearish signal at 1115, highlighting a market at a crossroads.
Moving averages present a unanimously bullish outlook. From the short-term exponential moving average (EMA) of 10 days at $42,310 to the long-term 200-day EMA at $32,280, all EMAs and simple moving averages (SMAs) advise buying. This consensus across time frames indicates a strong underlying bullish trend for BTC.
Bitcoin chart by TradingView
The daily chart reveals a general uptrend, moving from a low of $15,479 to a...
|Rising Liquidity Will Push Bitcoin To Over $200,000 In Less Than 5 Month...
According to Dan Tapiero, Managing Partner at 10T Holdings, the Bitcoin and crypto market is on the verge of a major transformation, with the world's most valuable coin likely to soar to over $200,000 by May 2024. Citing data by Raoul Paul, the CEO of Real Vision, Tapiero suggests that traditional money managers must take notice and prepare for a paradigm shift in the financial landscape.
Bitcoin Could Rally To Over $200,000 In 2024 On Rising Liquidity
Tapiero bases this bullish forecast on the expected BTC liquidity surge in the coming months. Market participants hope the stringent Securities and Exchange Commission (SEC) will approve the first batch of Bitcoin ETFs in the next few trading weeks.
The Bitcoin ETF, set to be issued by some mainstream players in traditional finance, including BlackRock, will provide regulated vehicles through which institutional investors can get exposure to the coin. Based on Tapiero's analysis, as more and more institutions adopt Bitcoin, its liquidity will increase, boosting prices.
With a Bitcoin ETF on the table, it would also mean the release of institutional-grade Bitcoin trading platforms. This will cement Bitcoin's position in the industry and its potential role in reshaping finance.
Paul's monthly GMI data, which tracks the sentiment of institutional investors, as Tapiero mentions, further reinforces the general bullish sentiment across the board. Looking at the GMI total liquidity index, the trend has b...
|Bitcoin Transaction Fees Soar to $40, Sparking Debate and Push for L2 So...
On Saturday, Dec. 16, 2023, Bitcoin's transaction fees spike to a high of $40 per transaction at 1:48 p.m. Eastern Time. The jump in onchain fees surpassed the high reached on May 8, 2023, when the average transfer cost topped $31 per transfer.Skyrocketing Bitcoin Fees Surpass $40
Bitcoin transaction fees are climbing and at the time of writing, a high-priority transaction tapped $40 just before 2 p.m. on Saturday, Dec. 16. Miners have been raking in the fees and an example of this is the fact that block height 821,485 came with 7.314 BTC in fees, which is over the size of the 6.25 BTC block subsidy. Presently, the hash price per petahash per second (PH/s) is coasting along at $108 per PH/s per day.
The recent spike in Bitcoin's transaction fees to $40 each significantly surpasses the previous 2023 record of $31 per transfer set on May 8. Data from mempool space reveals that for high-priority transactions, individuals are spending 674 satoshis per virtual byte (sat/vB), while for lower-priority ones, the cost is around 602 sat/vB or $35.78, as observed on Saturday afternoon.
Notably, some transactions on Saturday have even exceeded $50 per transfer. Presently, there are eight unmined blocks, each brimming with high-priority transactions. Furthermore, 311 blocks are waiting to be processed to address the backlog of 383,607 unconfirmed bitcoin (BTC) transactions in the mempool.
These pending blocks, amounting to over 531 megabytes (MB) of block space, translate to an estimated...
|AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30
The Avalanche (AVAX) price has performed reasonably well this year, going from a low of around $9 to as high as $24 before correcting back downward. Since the correction, the altcoin has been trading in a tight range around $20 and $21. However, this might not continue for much longer following one crypto analyst’s prediction.
An AVAX Bullish Wave Is Rising
Crypto analyst Babenski has unveiled their bullish prediction for the AVAX price going forward. According to the analyst, the digital asset could be poised for an incredible run that could break multiple bearish resistances to bring its price to $30.
Babenski’s analysis hinges on the EMA100 (Exponential Moving Average) which they identify as providing dynamic support for the altcoin. This began during the October rally where prices started rising and AVAX did not lose the EMA100 despite multiple corrections.
Even on the 4-hour chart that the analyst presents, the altcoin’s price also touched down toward the EMA100. But once again, this dynamic support held as the price bounced off and continued on its merry way. This suggests a lot of support for the asset at this level.
Additionally, the crypto analyst reveals that the AVAX price has also broken out of a bullish pennant. This is shown in the chart as the price resumed its uptrend above $21. This breakout “Looks bullish in short term,” according to the analyst, and could send the price to $30.
However, the bullish trend is not the only one ...
|Bitcoin Whales Ready To Push Price Above $40,000? Data Throws Clues
The Bitcoin price has been steadily moving around its current range as 2023 comes to an end. Recent data cast light on the current market structure and what could trigger an extension in the bullish momentum.
As of this writing, Bitcoin (BTC) trades at $37,900 with a 1% loss in the last 24 hours. Over the previous week, the cryptocurrency has traded in the green as other assets recorded small losses, except for Solana (SOL) and Dogecoin (DOGE).
Big Day For The Bitcoin Price: What Whales Are Planning
Data shared by crypto analytics platform Material Indicators shows the current state of the orderbook for trading venue Binance. The world's largest crypto, looking into this orderbook often reveals patterns and clues to anticipate the price action.
Today, Bitcoin faces two potentially high volatility events: whales will fight over the monthly candle close, and the US will reveal macroeconomic data. Thus, the cryptocurrency could finally break above its current levels or re-test support.
The data from Material Indicators, as seen on the chart below, shows a spike in buying orders from Bitcoin whales and “mega” whales (Purple and Brown on the chart, respectively). This buying pressure is unlikely to translate into a rally as these investors prioritize market efficiency.
Thus, they place small orders on exchanges to reduce slippage, leading the price to range. The good news is that this behavior is often positive for the BTC price by attracting, according to Material ...
|Avalanche Shines With A 31% Rally – Can AVAX Bulls Maintain Push T...
Avalanche (AVAX) has had a relatively quiet second half of 2023 regarding price performance and ecosystem advancements. However, the token experienced a mesmerized turnaround towards the end of October, which has seen its value rise almost vertically in the past few weeks.
Avalanche’s positive run coincides with an optimistic climate in the general crypto market, as investors appear to be more interested in various digital assets. While Bitcoin, the premier cryptocurrency, continues to hold its own above the $37,000 mark, most altcoins seem ready to take advantage of changing market sentiment.
Avalanche Displays Strength With 31% Rally - Price Overview
The Avalanche price reached a yearly low of $8.78 in late September, forming the bottom for a trend reversal. The cryptocurrency’s price has been on a bullish run since then while looking to reclaim the highs achieved at the beginning of 2023.
As of this writing, the AVAX token is valued at $18.58, reflecting a massive 31% price increase in the past 24 hours. Meanwhile, the price of the altcoin has swelled by more than 48% in the weekly timeframe.
A broader look at the Avalanche price chart further highlights the token’s strength and attractiveness over the past few weeks. According to CoinGecko data, the value of AVAX has more than doubled in the past month.
Avalanche’s positive price action - in such a short timeframe - further emphasizes the favorable sentiment currently brewing in the general crypto...
|Spot Bitcoin ETF: Here's The Magic Number To Push BTC Past $40,000
David Lawant, the head of research for FalconX, an institutional crypto trading platform tailored for financial institutions, recently provided an insightful forecast regarding the future of Bitcoin (BTC) prices in light of the anticipated launch of a spot Bitcoin ETF in the United States. Sharing his predictions via X (previously known as Twitter), he articulated the financial variables that might play a decisive role.
Lawant remarked, “The next significant variable to watch in the spot BTC ETF launch saga will be how much AUM these instruments will gather once they launch. I think the market is currently expecting this inflow to be between $500 million and $1.5 billion.”
The Magic Number To Push Bitcoin Price Past $40,000
The crypto community is keenly anticipating a positive nod for a Spot Bitcoin ETF either at the end of 2023 or the beginning of 2024. A crucial date on the calendar is January 10, 2024, which is set as the final deadline for the ARK/21 Shares application, leading the current series of applications.
Undoubtedly, a green signal from regulatory authorities for the spot ETF will be a game-changer for the entire crypto asset class. Lawant highlighted the importance of this development, stating, “It will open room for large pockets of capital that today can’t properly access crypto, such as financial advisors, and bring a stamp of approval from the world's most prominent capital markets regulator.”
The pressing question, though, is...
|Galaxy Expects Spot Bitcoin ETF to Push BTC Up by 74% in First Year
A spot-based bitcoin exchange-traded fund (ETF) would attract significant capital and boost the price of BTC by 74% in the first year after launch, according to Galaxy Digital. The estimate comes amid rising anticipation that the U.S. securities regulator will approve one or more of the proposals that are currently under review.Galaxy Digital Sees $39 Billion of Inflows by Third Year After Bitcoin ETF Launch
A spot bitcoin ETF will provide investors with direct exposure to bitcoin without the need to own the digital asset and an approval of the investment product, which comes with certain benefits over current options, will catalyze adoption, according to Galaxy Digital.
The investment company, one of the applicants to issue America's first spot bitcoin ETF with a regulatory nod from the U.S. Securities and Exchange Commission (SEC), published an analysis sizing the market for an exchange-traded fund tracking the price of the leading cryptocurrency.
Galaxy believes that a spot bitcoin ETF will strongly impact adoption mainly due to two main factors – expanded accessibility across wealth segments and greater acceptance through formal recognition by regulatory bodies and trusted financial service providers.
Based on the results from its research, Galaxy Digital has estimated that $14 billion will flow into a bitcoin ETF in the first year following a launch. The total is projected to increase to $27 billion by the second year and $39 billion by the third year after that.
|Two Probable Scenarios For BTC This Week Following the Push to $30K (Bit...
After a decisive breakout above the 100 and 200-day moving averages last week, the price retraced and formed a pullback to confirm the breakout, restoring confidence.
The market exhibits a robust bullish momentum, targeting the critical $31K region.
The Daily Chart
Looking at the daily chart, the price demonstrated an impulsive surge, surpassing the vital resistance zone around the $27K mark marked by the 100 and 200-day moving averages. However, as is customary, every breakout is followed by a pullback for confirmation.
Accordingly, the price returned to the moving averages, completing a pullback and gaining momentum, driving Bitcoin towards the significant resistance area of $31K, which also aligns with the cryptocurrency's yearly high.
It is worth noting that this price range serves as a substantial psychological barrier. Hence, if buyers successfully reclaim this essential level, the market could pave the way for a mid-term bullish trend, targeting higher resistance zones.
Conversely, in the event of a rejection, Bitcoin may enter a period of consolidation correction marked by increased volatility.
The 4-Hour Chart
On the 4-hour chart, a noticeable bullish divergence between the price and the RSI indicator, coupled with prevailing demand around the $25K mark, led to a robust upward movement surpassing the multi-month descending trendline. However, the resistance zone at the $30K mark is characterized by significant Bitcoin ...
|Crypto-Terrorism Concerns? Senator Warren And 100 Lawmakers Push Biden F...
In the middle of escalating tensions between Israel and Hamas, over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a bipartisan note urging the Biden administration to address alleged close relations between crypto and terrorism.
The lawmakers express alarm over reported evidence suggesting that Hamas successfully evaded US sanctions, acquiring millions of dollars through crypto assets. They are now pressing the administration to clarify its strategy for tackling this critical national security threat.
Lawmakers Sound Alarm On Crypto-Financed Terrorism
The bipartisan letter, addressed to National Security Advisor Jake Sullivan and Brian Nelson, Under Secretary for Terrorism and Financial Intelligence at the Department of the Treasury, highlights the concerns surrounding Hamas and Palestinian use of crypto funding.
The letter states that between August 2021 and June of the following year, these organizations allegedly raised over $130 million in digital assets, with millions being transferred between them.
The lawmakers stress the urgency of the situation, given the danger posed by the financing of militant organizations, and call on the Biden administration to provide details about its plan to prevent the use of crypto for terrorism financing.
In their letter, the lawmakers cite an article from the Wall Street Journal, which reports that researchers studying Hamas's financing allegedly c...
|Elizabeth Warren and 100 Lawmakers Push Biden on Crypto-Terrorism Action...
Elizabeth Warren, the Democratic senator from Massachusetts, is alarmed by the potential of crypto-fueled terrorism. She has rallied over 100 policymakers and approached the Biden administration, urging the executive branch to tackle this pressing issue. The news follows Warren’s recently introduced “Digital Asset Anti-Money Laundering Act.”Warren Leads Charge Against Crypto's Role in Terrorism; Seeks Biden Administration's Strategy by October 2023
In the midst of the tensions between Israel and Hamas, Elizabeth Warren, alongside over 100 legislators, penned a bipartisan note on Wednesday to two Biden administration officials. Their alarm stems from reported evidence indicating that Hamas evaded U.S. sanctions, securing millions through crypto assets. These congressional members are now pressing the Biden administration to explain its strategy to curb crypto-aided terrorism.
Warren's statement underscored her firm stance on the need for stringent regulation and supervision of the crypto industry. The press statement insists this advocacy aims to curb rampant illicit actions, safeguard consumers, and ensure the financial system's stability and security.
“That the deadly attack by Hamas on Israeli civilians comes as the group has become ‘one of the most sophisticated crypto users in the terror-finance domain’ clarifies the national security threat crypto poses to the U.S., and our allies,” the letter from 100 policymakers details.
|SOL Price Prediction: Will Correction Trend Push Solana Under $20?
Solana is correcting gains from the $25 resistance against the US Dollar. SOL price could accelerate lower if there is a break below the $21 support.
SOL price started a fresh decline after it failed to clear the $25 resistance against the US Dollar. The price is now trading below $22.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could break the $21 support and accelerate lower toward $18.80. Solana Price Visits Key Support
After a steady increase, Solana struggled to clear the $25 resistance zone. SOL formed a high at $24.77 and recently started a fresh decline.
There was a move below the $24.00 and $23.50 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $18.75 swing low to the $24.77 high. There is also a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair.
SOL is now trading below $22.00 and the 100 simple moving average (4 hours). It is also showing bearish signs below $22, like Bitcoin and Ethereum.
However, the bulls are now protecting the $21.00 support. It is near the 61.8% Fib retracement level of the upward move from the $18.75 swing low to the $24.77 high. On the upside, immediate resistance is near the $22.00 level and the trend line.
Source: SOLUSD on TradingView.com
The first major resistance is near the $22.50 level. A...
|Prosecutors Push to Omit Anthropic Reference in SBF's Fraud Trial
Federal prosecutors in the ongoing fraud trial of ex-FTX CEO Sam Bankman-Fried have requested that the judge exclude any discussion of Bankman-Fried's investment in Anthropic, an AI company.
This request comes in light of recent media reports about Anthropic's fundraises from tech giants Google and Amazon, potentially benefiting victims of the FTX collapse.
Creditors Optimistic Over Anthropic’s Investment
Recent reports have indicated that Anthropic is set to receive billions in funding from Google shortly after announcing a similar investment from Amazon. The news has ignited optimism among creditors of FTX, as Sam Bankman-Fried was a notable investor in the company.
Creditors hope that Anthropic's newfound wealth, partly due to these investments, could aid FTX collapse victims' financial recovery. However, while creditors celebrate this development, it has raised concerns in the courtroom.
According to a motion filed by Assistant U.S. Attorney Thane Rehn on Oct. 8, Sam Bankman-Fried has been barred from bringing up Anthropic during his ongoing fraud trial. Citing a prior ruling by Judge Lewis A. Kaplan, Rehn argued that such evidence would be 'wholly irrelevant' to the case and could introduce 'substantial danger of unfair prejudice, confusing the issues, misleading the jury, undue delay, and waste of time.'
Prosecutors Move to Exclude Anthropic
Prosecutors believe presenting the current value of FTX's investment in Anthropic is unnecessary in court. They argue that t...
|Dogecoin Under Pressure: Will Bearish Momentum Push Meme Coin Below $0.0...
Dogecoin (DOGE) finds itself at a critical juncture. The $0.06 support level, a longstanding stronghold for buyers since early June, now faces increasing selling pressure that could potentially send DOGE sinking below this key level.
Support and resistance zones, like the $0.06 mark, are pivotal in assessing the direction of price movements in the crypto world, as they often dictate the market sentiment.
In recent months, DOGE has weathered a bearish trend, but this vital support level has managed to hold firm and mitigate the extent of the downtrend. Nevertheless, multiple retests of the support zone have raised concerns about DOGE’s weakening structure, signaling an opportunity for bears to capitalize on the situation.
Dogecoin Price And Technical Indicators
As of the latest data from CoinGecko, DOGE is currently trading at $0.061140, showing a modest 0.4% gain over the last 24 hours but a 1.2% dip over the past seven days. Two technical indicators, the On Balance Volume (OBV) and the Relative Strength Index (RSI), provide further insight into the market's dynamics.
The OBV, which had been on an uptrend in October, has recently exhibited a drop in trading volume. This decline suggests that selling pressure has intensified in the past few hours, causing concern among investors.
The RSI, another crucial indicator, has dipped below the neutral 50 level, reaffirming the presence of selling pressure. These developments put DOGE at a pivotal crossroads, with both s...
|Argentine Peso Reaches Record Lows After National Digital Currency Push
The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843 pesos per greenback. Massa stated he would send an Argentine digital currency proposal to Congress.
Argentine Peso Reaches Record Lows
Amidst the political instability and the proximity of elections, the Argentine peso has sunk to a new record low Wednesday, as economy minister and presidential candidate Sergio Massa announced a new push to launch an Argentine digital currency.
The U.S. dollar, in its informal 'blue' exchange rate, reached peaks of 850 pesos in some locations in Argentina, retracing to close with a pricing of 843 pesos per dollar. Argentine analysts attribute this to the closeness of the upcoming elections and the expectation of an administration change.
Economist Camilo Tiscornia told Ambito that 'October is a key month for the dollar, due to the electoral context, which, in Argentina, is synonymous with dollarization and rise in exchange rates, especially of the blue dollar.'
The possible victory of libertarian candidate Javier Milei — who has proposed the dollarization of the country as one of the main highlights of his plan — would also affect the exchange rate, according to economist Pablo Ferrari, with people and companies protecting their savings from a possible upcoming devaluation.
|Lambo Livestream Goes Wrong for Bitboy, Kiyosaki Says Buy BTC, Lawmakers...
A livestream in which Ben 'Bitboy' Armstrong is hunting down his allegedly stolen Lamborghini ends up with the crypto influencer arrested. In other news this week, Rich Dad Poor Dad author Robert Kiyosaki says to purchase bitcoin before markets crash, and U.S. lawmakers push SEC Chair Gary Gensler to approve spot Bitcoin exchange-traded products 'immediately.' This and more just below, in the latest Bitcoin.com News Week in Review.
Bitboy Ben Armstrong Arrested During Livestream Over Stolen Lambo
Crypto influencer Ben 'Bitboy' Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his deed, including the alleged theft of his Lamborghini.
British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, 'Cryptoqueen' Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom's High Court, the British press revealed.
Robert Kiyosaki Advises Buying Bitcoin Today - Foresees a Rush to Buy BTC as Stocks, Bonds, and Real Estate Crash
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy bitcoin today before stock, bond, and real estate markets crash and people rush to buy BTC alongside gold and silver. The famous author has predicted tha...
|Shiba Inu At $0.0000072: Sellers Push For Breakout From Compact Zone
Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement. The question on everyone's mind: Will sellers succeed in pushing SHIB out of its current zone?
Price analysis shows that since mid-August, SHIB has been grappling with a bearish market structure on both higher and lower timeframes. The ominous signs began with a sharp price rejection at the $0.00001 price zone, triggering a cascade of sell-offs that brought the price crashing below the once-strong support at $0.0000080.
The Relative Strength Index (RSI) has consistently remained below the neutral 50 mark, underscoring the relentless selling pressure. Furthermore, the Chaikin Money Flow (CMF) plummeted from positive to negative during this prolonged range-bound period.
Current SHIB Stats
As of the latest data available on CoinGecko, SHIB is trading at approximately $0.000007258220, showing a minor 0.2% decline in the past 24 hours and a seven-day dip of 3.1%. These figures indicate the prevailing bearish sentiment surrounding SHIB.
The $0.0000080 level, which had previously acted as a stronghold for bulls, has now transformed into a formidable resistance barrier due to the sustained selling pressure. While SHIB has maintained a sideways trajectory since this resistance flip, the looming threat of further bearish a...
|XRP Price Prediction – Will Recent Correction Trend Push XRP Under...
Ripple’s token price is holding gains above $0.50 against the US Dollar. XRP price could take a hit if it fails to recover above $0.512.
Ripple’s token price is attempting a fresh increase above $0.508 and $0.512 against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 hours). There is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above $0.512. Ripple’s Token Price Holds Key Support
In the last XRP price prediction, we discussed the chances of more gains in Ripple’s XRP against the US Dollar. The price did climb above the $0.515 resistance level, but upsides were limited, like Bitcoin and Ethereum.
The price struggled to clear the $0.525 resistance. A high was formed near $0.5254 and the price saw a downside correction. There was a move below $0.512 and a spike below $0.50. A low is formed near $0.4907 and the price is now consolidating.
It is back above the 23.6% Fib retracement level of the recent decline from the $0.5254 swing high to the $0.4907 low. XRP price is also trading above $0.500 and the 100 simple moving average (4 hours).
On the upside, immediate resistance is near the $0.508 level. Besides, there is a major contracting triangle forming with resistance near $0.505 on the 4-hour chart of the XRP/USD pair. The triangle resistance coincides with the 50% Fib r...
|Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary
Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum's inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2) networks has notably curtailed base fee burning.From Deflation to Inflation: Ethereum's Issuance Rate Changes Course
After The Merge and up until three months ago, Ethereum's supply trended deflationary. Historical data highlights that on May 27, 2023, ultrasound.money pegged Ethereum's inflation rate at -0.654% annually. Yet, by September 23, 2023, this rate had risen to 0.270%.
Ethereum's shift towards deflation was driven by two landmark events: the implementation of EIP-1559, known as the London hard fork, and The Merge's switch from proof-of-work (PoW) to proof-of-stake (PoS).
After the implementation of EIP-1559, an Ethereum transaction's base fee now gets 'burned' by sending it to a null address. Post-Merge, the rate of issuance declined notably. Had it not been for the transition from PoW, the inflation would have touched a considerable 3.689% per annum.
All this in view, there's been a pronounced lull in daily transactions, with significant lows around mid-year and another as we approached the end of August and early September. In fact, September 10 saw a dip to 866,548 transactions, a fall of 62,852 from the day prior.
Moreover, Ethereum's network fees have been on a downward traj...
|Citi Launches Token Service in Push For Institutional Crypto Offering
The move appears to be a part of a wider push to offer digital assets to institutional clients.
The tokens represent a claim against the bank and are processed on a private blockchain owned and managed by Citigroup. Clients can access the service through existing bank systems, according to reports on Sept. 18.
Global head of the Citi’s services division, Shahmir Khaliq, said:
“The development of Citi Token Services is part of our journey to deliver real-time, always-on, next generation transaction banking services to our institutional clients,”
Citigroup Debuts Token Service in Latest Foray Into Digital Assets
Turns out regulators don’t hate digital assets… they just want their banker buddies to catch up. https://t.co/N8y8LBULU2
— Gabor Gurbacs (@gaborgurbacs) September 18, 2023
The service aims to improve cross-border money transfers, which can currently take days due to different systems, work hours, holidays across countries, and archaic banking technology.
The “tokenized deposits” or transferable digital coins are processed on the blockchain, meaning settlement is instantaneous.
Users will not have to set up their own crypto wallets and will be able to access the service through the bank’s existing systems.
The launch follows a test by Citigroup, the New York Fed, and other banks using digital tokens representing customer deposits. These are settled through central bank reserves on a distributed l...
|Stellar (XLM) Soars By 17% In A Single Week – Can Bulls Maintain P...
As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days.
XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met.
According to the analyst’s post on September 8, this bullish prediction is formed on a potential crossover between two technical indicators, namely the 200-day Moving Average (MA)and the 21-day Exponential Moving Average (EMA).
#XLM Heading for $1:
When the Bullish Cross occurs on the weekly time frame with the 21 EMA (Exponential Moving Average) and the 200 MA (Moving Average), I'm anticipating a potential surge of approximately 500% .
The chart below is showing promising signs that the next… pic.twitter.com/33TrI2znLb
— EGRAG CRYPTO (@egragcrypto) September 8, 2023
To explain, the MA indicator reflects the average price data over a specific period of time, e.g., 200 days. It is constantly updated and can be used to identify trade areas and recognize market trends.
On the other hand, The EMA performs a similar function but with a focus on more recent price point...
|Binance Coin Price Prediction: Will Correction Trend Push BNB Under $200...
Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines.
As of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further bearish movement.
However, amidst the prevailing market uncertainty, BNB's price has turned sideways, leaving both buyers and sellers in a state of indecision.
The falling wedge pattern, often referred to as an ending diagonal pattern, can be seen as a potential signal of exhaustion within a prevailing bearish phase, hinting at a potential trend reversal. If the recent breach below $220 fails to sustain, it could open the door for buyers to challenge the overhead resistance.
Binance Coin Potential For Turnaround
Price analysis suggests that a successful breakout from this falling wedge pattern would signify a bullish turnaround for BNB. This could potentially propel the coin's price to target levels of $234, and if momentum continues to favor buyers, it may even reach heights of $247 or even $263.
In a parallel development, PancakeSwap (CAKE) has achieved a significant milestone in the cryptocurrency ecosystem. According...